Solidarity Fund and NEF To Provide R450m To Businesses Hit By Looting

The Solidarity Fund and the National Empowerment Fund (NEF) have teamed up to offer R450m in financial assistance to businesses affected by the civil unrest that gripped KwaZulu-Natal and Gauteng earlier this year.

Wongakazi Majola, pillar lead for the Humanitarian Crisis Relief Fund within the Solidarity Fund, said the partnership was conceptualised after President Cyril Ramaphosa’s announcement in July that the government would provide R400m to the crisis relief fund…

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